Sub: Declaration of Trading Member Sumpoorna Portfolio Ltd. as Defaulter and Expulsion.
Trading Members of the Exchange are hereby informed that pursuant to declaration of Sumpoorna Portfolio Ltd. as defaulter as well as expulsion by NSE vide their circular no. 82/2020 dated December 15, 2020 w.e.f. December 14, 2020, the Exchange has declared Sumpoorna Portfolio Ltd. (Clg. No. 6404), a corporate Trading Member of the Exchange as Defaulter, in terms of the provisions of SEBI Circular No. SEBI/MIRSD/Master Cir-04/2010 dated March 17, 2010 and also Expelled the said Trading Member in compliance with the requirement of Circular No. F. No. 1/26/SE/91 dated August 12, 1991 issued by Ministry of Finance (Department of Economic Affairs), Government of India w.e.f. December 16, 2020.
Investors having any outstanding claims against Sumpoorna Portfolio Ltd. are advised to file their claims with the Exchange, if they so desire, within 90 days from the date of issue of this notice i.e. by March 16, 2021 (specified period), as provided under SEBI Circular No. MRD/DoP/SE/Cir-38/2004 dated October 28, 2004, circular No. MRD/DP/06/2011 dated June 16, 2011, circular no. SEBI/HO/DMS/CIR/P/2017/15 dated February 23, 2017 and any other modifications/circulars as may be issue by SEBI in this regard, from time to time.
The investors can file their claim against Sumpoorna Portfolio Ltd. at the concerned regional Investor Centre of BSE Ltd., the list of which is available on Exchange’s website at the following link:
The investors can also lodge their claims through Exchange’s website under e-Complaint Registration, a link for which is given below:
The Investors can also submit their claims alongwith documents on email id Claims.defaulter@bseindia.com
The investors are hereby advised to go through the documentation requirement for filing their claim against defaulter, which is available on the Exchange website at following link:
Further, the investors are hereby advised to go through the norms for eligibility of claims for compensation from IPF to the clients of the Defaulter Member which are available on Exchange website at the following link:
The eligible claims filed before the end of aforesaid specified period would be considered for compensation from the Investor Protection Fund (IPF), as per the provision of SEBI circular no. CIR/MRD/DP/28/2014 dated September 29, 2014 to the maximum extent of Rs.15 Lacs per client. Further, investors filing their claims after the specified period are required to provide reasons for delay in filing the claim and should satisfy the IPF that the claim could not have been filed before the end of specified period for the reasons beyond the control of the claimant.
As per the Exchange records, the Authorized Persons (mentioned in Annexure I) are affiliated with the Trading Member Sumpoorna Portfolio Ltd. are not authorized henceforth to deal in that capacity and their registration stands withdrawn.
Usha Sharma Hemant Dharap
General Manager Deputy General Manager
Broker Supervision, Membership Compliance, Membership Compliance and
And Investor Services Investor Services
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